US to become ‘world’s biggest oil producer’

12 November 2012 Last updated at 18:27

The US will overtake Saudi Arabia as the world’s biggest oil producer “by around 2020”, an International Energy Agency (IEA) report has said.

The IEA said the reason for this was the big growth and development in the US of extracting oil from shale rock.

This has enabled the US to gain significantly more extractable oil resources.

As a result, the IEA predicts the US will become “all but self-sufficient” in its energy needs by around 2035.

The US shale oil industry has grown significantly in recent years.

It extracts oil from the ground using a method called fracking – pumping down a mixture of sand, water and chemicals at high pressure.

The industry says the method is safe, but critics say it could cause earthquakes and pollute water sources.

The IEA predicts that the US will be producing 11.1 million barrels per day by 2020, compared with 10.6 million from Saudi Arabia.

Currently the US imports about 20% of its total energy needs.

The IEA also expects that the US will overtake Russia as the word’s biggest gas producer by 2015, again thanks to fracking, which can also be used to extract natural gas.

It warns that the big growth in US oil and gas production could have significant geopolitical implications, as it may make the US less concerned about the Middle East.


  • You were told this a few years back by myself and others. This will not occur until oil hits $175-225 a barrel in order to maximize profits whilst buffering the planned drop in oil usage at the same time. Study the oil fields at Gull Island, Rocky Mountains, Bakken in Dakota and others not to mention the Falklands for Fortress America. The Crusade will destroy the Middle East through war and economics.

    -= The Unhived Mind


  • ACE1947

    That is if there is a USA as we know it by the year 2017.

    From BBC news:

    US election: Unhappy Americans ask to secede from US

    The petitions were filed after President Barack Obama’s re-election

    More than 100,000 Americans have petitioned the White House to allow their states to secede from the US, after President Barack Obama’s re-election.

    The appeals were filed on the White House’s We the People website.

    Most of the 20 states with petitions voted for Republican Mitt Romney.

    The US constitution contains no clause allowing states to leave the union. By Monday night the White House had not responded.

    In total, more than 20 petitions have been filed. One for Texas has reached the 25,000-signature threshold at which the White House promises a response.

    ‘Blatant abuses’
    The last time states officially seceded, following the election of Abraham Lincoln, the US Civil War followed.

    Most of the petitions merely quote the opening line of America’s Declaration of Independence from Britain, in which America’s founders stated their right to “dissolve the political bands” and form a new nation.

    Currently, the most popular petition is from Texas, which voted for Mr Romney by some 15 percentage points more than it did for the Democratic incumbent.

    The text complains of “blatant abuses” of Americans’ rights.

    It cites the Transportation Security Administration, whose staff have been accused of intrusive airport screening of flyers.

    • You are aware that there is to be no more United States and that the region will eventually be under the World Commerce Corp/United Nations banner controlling ten regions just as the Jesuit Order split the U.S. into ten provinces. Do not get too excited about this splitting away from the United States. Why? They desire the destruction of the United States corporation as you know it today. This is happening in the United Kingdom where they are trying to separate Scotland and soon Wales from England with their independence. The idea is to break the Union making it easier for absorption into the European Union and on into the World Commerce Corporation. There is not one side of the coin these Jesuit controlled swines do not control. Again there are no Americans today if one has a birth certificate they are U.S. Citizens and will always be a U.S. Citizen attached to the Cestui Que Vie Act 1666 held at New Jerusalem in Britain. Whatever was put into the united States Constitution means nothing today since the destruction of the American nation into a corporation by Abraham Lincoln. Lincoln did this to pay the debts off to The Worshipful Company of Clothworkers over debts owed to the once Council of Virginia running the Virginia Company of London for the settling. Lincoln did this to the united States of America for a good reason in order to stop the City of London Corporation (British Empire) taking American soil. Lincoln’s plan was only temporary but the Jesuits and the Livery assassinated him using John Surratt and John Wilkes Booth in order to make sure the destruction of the nation and constitution continued. Booth was paid fifty British pounds via the Bank of Montreal for his role in the assassination of Lincoln.

      -= The Unhived Mind

  • ACE1947

    You are right Unhived Mind, the Jesuits plan their nefarious deeds a century ahead and each plan has a backup.
    I would think they would want the USA to exist as a fiction a bit longer as their hammer of choice in military might to bring Shia Iran to its knees and make them renounce their hidden imam for the Pope’s sake and the occultism that they believe in so much.
    The USA has been their war hammer since 1898 as it took over from the British Empire which was their previous useful choice.

    • It is usually one-hundred and twenty year long planning. You will not see the United States disappear until at the very minimum 2025 or more likely 2050. I believe their goals are to have the New World Order fully completed by 2100 along with the full amount of population reduction. Sixty percent of the global populace being eliminated by 2050 and thirty-five percent of the survivors eliminated by 2100. A digital currency could be likely from 2019-2025 starting with corporations like Sweden and Singapore. Remember this Middle East crusade and Clash of the Civilizations (Strategy of Tension) is expected to last a Century and started in 2001 after the Senior Executive Service, NATO, UK Ministry of Defence, Royal Canadian Air Force, Bombardier Master Trust, Guild of Air Pilots and Air Navigators and the Order of the Bath attacked the United States on September 11th. Also note the length of time mentioned in the title of the Project for the New American Century by the neo-conservatives. No one has taken over from the British Empire, this is still strong as the City of London Corporation and the Livery pirates. This British Empire runs the combined Dutch, German Empires under the new unHoly Roman Empire as exposed in the Bible as the little horn. All of this started to come into play with the Congress of Vienna in 1815 which also made Switzerland neutral. The United States is simply a proxy bully boy being used to shield the real Empire and thus help to foment hatred against the United States in order to help destroy it with acceptance of those around the World brainwashed by propaganda.

      -= The Unhived Mind

  • seekingtruth1

    this is a very interesting show with a wide array of guest across the economic/financial spectrum


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